USDJPY Price Analysis
Forecasts and Analysis
- The USDJPY price has successfully breached the 155.50 level and closed the daily candlestick above it, strengthening the expectations for the continuation of the bullish trend.
- We anticipate the price to target 157.00 as our next main target.
- Moving above the EMA50 supports the continuation of the suggested bullish wave.
- However, breaking below 155.50 and holding below it will invalidate the expected rise and subject the price to new correctional bearish pressure.
Expected Trading Range
The expected trading range for today is between 155.00 support and 156.70 resistance.
Trend Forecast: Bullish